Greene King (LON:GNK) Receives Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Greene King (LON:GNK) in a report published on Tuesday, ThisIsMoney.Co.Uk reports.

Other equities analysts have also issued research reports about the stock. Peel Hunt restated a buy rating on shares of Greene King in a research report on Thursday, July 4th. JPMorgan Chase & Co. restated a neutral rating on shares of Greene King in a research report on Wednesday, May 15th. Numis Securities restated a reduce rating and set a GBX 550 ($7.19) price target on shares of Greene King in a research report on Wednesday, May 1st. Barclays restated an overweight rating and set a GBX 630 ($8.23) price target on shares of Greene King in a research report on Monday, July 1st. Finally, Liberum Capital lowered shares of Greene King to a hold rating and increased their price target for the company from GBX 790 ($10.32) to GBX 850 ($11.11) in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 747.73 ($9.77).

GNK opened at GBX 841 ($10.99) on Tuesday. The firm has a market cap of $2.61 billion and a P/E ratio of 21.73. The firm has a 50-day moving average of GBX 637.82 and a 200 day moving average of GBX 638.84. The company has a debt-to-equity ratio of 111.89, a quick ratio of 0.51 and a current ratio of 0.67. Greene King has a fifty-two week low of GBX 466.90 ($6.10) and a fifty-two week high of GBX 865.80 ($11.31).

The firm also recently disclosed a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 8th will be issued a dividend of GBX 24.40 ($0.32) per share. The ex-dividend date is Thursday, August 8th. This is an increase from Greene King’s previous dividend of $8.80. This represents a yield of 3.99%. Greene King’s dividend payout ratio is 0.85%.

About Greene King

Greene King plc operates as a pub retailer and brewer in the United Kingdom. The company operates through three segments: Pub Company, Pub Partners, and Brewing & Brands. Its brands include Greene King Local Pubs, Hungry Horse, Flaming Grill, Farmhouse Inns, and Chef & Brewer. The company is also involved in brewing, marketing, and selling beer under the Greene King IPA, Old Speckled Hen, Abbot Ale, and Belhaven Best brands.

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Analyst Recommendations for Greene King (LON:GNK)

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